Given the downturn due to Covid-19, I want to get a HELOC in case I need the money to tide me over. I called BoA who said most banks only offer HELOCs on primary and vacation homes. My property is in Texas. Thanks.

5 UNIT

700K PURCHASE PRICE

RENT 67,500

EXPENSES

TAXES 16,500

UTILITIES 3,500

INSURANCE 3,250

HOW MUCH should i allow for cap ex, repairs, vacancy

thanks JJ

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